Visa: Some merchants see dip in fraud thanks to chip cards - USA Today - "Among the 25 merchants who were suffering the most instances of counterfeit fraud at the end of 2014, five that began processing credit and debit cards equipped with the new EMV technology saw those infractions fall 18.3% as of the final quarter of 2015..."

Central banks and digital currencies - speech by Ben Broadbent - Bank of England - "This morning I’m going to talk about money. This should be a routine topic for a central banker, particularly one whose job title includes the word “monetary”. It’s nonetheless ground on which one treads with a bit of trepidation."

ON THE WIRES

Visa Speeds Up Checkout Times with new Quick Chip for EMV - “Visa is advancing a streamlined approach to chip transactions to make them faster and more efficient, while still providing a safe and secure experience,” said Mark Nelsen, senior vice president of Risk Products and Business Intelligence, Visa Inc. “Quick Chip for EMV helps make the checkout experience comparable to the ease and speed of magnetic stripe transactions.”

Moneris Partners with Womply to Offer Business Analytics Solution to Merchants - “We believe in equipping our partners, like Moneris, with the most powerful solution available to enable its merchants to grow, protect, and simplify their businesses,” said Cory Capoccia, President at Womply. “Through our partnership with Moneris we can offer their merchants the best technology with this game changing platform.”

Total Merchant Services Opens Its EMV Chip Card Payment Technology to All Developers - "Groovv SDK is easy to implement and frees developers to spend their time and energy building business-growing software features instead of worrying about the nuts and bolts of processing payments," said Joe Kaplan, CEO of Total Merchant Services. "We remove the need for software to go through the costly and time-consuming EMV certification process, and for developers to comply with PCI data breach and other enhanced security standards."

GLENBROOK PAYMENTS EDUCATION EVENTS

Our next Glenbrook payments education events are coming up in May - both in Palo Alto, CA - we hope to see you there!

Marketing credit and debit cards to millennials - Visa - "Visa’s proprietary Payment Panel data indicates that millennials use cards for 57 percent of their spending, and with increasing wages and reduced debt, they’re an attractive target for debit and credit card marketing."

Introducing R3 Corda™: A Distributed Ledger Designed for Financial Services - R3 Blog - "Corda is a distributed ledger platform designed from the ground up to record, manage and synchronise financial agreements between regulated financial institutions. It is heavily inspired by and captures the benefits of blockchain systems, without the design choices that make blockchains inappropriate for many banking scenarios."

Start-Ups Aim at Overlooked Demographic: The Unbanked - New York Times - “I think that there is a huge disparity between how most consumers live their financial lives — quickly, on the edge and with a significant degree of stress, and a lot of distrust of financial service providers — and the world that many of our financial products were designed for...”

Stripe will help Cubans do business in US - CNBC - "Less than two weeks before President Barack Obama's historic trip to Cuba, the White House contacted the company and asked if it would be willing to launch its new product, Atlas, in Cuba."

Apple Pay to rock out at Coachella 2016 thanks to Square - iMore.com - "The latest Square Reader, which supports NFC payment systems like Apple Pay, will be available as the exclusive point-of-sale during the festival, letting attendees pay for anything without needing to take out their wallets."

ON THE WIRES

Nation’s Financial Institutions On Target To Offer Same Day ACH Payments In 2016 - “Financial institutions see the value in providing new, faster payment options to their customers with certainty and surety, and Same Day ACH allows them to do that in 2016,” said Janet O. Estep, president and CEO of NACHA. “These findings support our earlier research that Same Day ACH volume will come from use cases like payroll and B2B payments.”

Adyen launches RevenueAccelerate - Pieter van der Does, CEO & Founder of Adyen, explained, “Ecommerce businesses need to challenge their payments provider to not only process payments but actually drive growth. We are able to offer RevenueAccelerate because we have something that no other payments solution has – a completely new infrastructure that utilizes all the rich data needed to optimize payments success.”

GLENBROOK PAYMENTS EDUCATION EVENTS

Our next Glenbrook payments education events are coming up in early April - both in New York City - we hope to see you there!

Adyen Expands Next Generation Point of Sale Solution to U.S. Merchants - “The $22 trillion retail industry has been on the verge of delivering a true omnichannel shopping experience for years, but outdated and siloed payment systems have been in the way,” said Pieter Van der Does, co-founder and CEO of Adyen. “With Adyen’s omnichannel solution, forward-looking retailers will have the platform they need to surprise and delight shoppers with new experiences that also grow their revenue.”

Verifone to Deliver End-to-End, EMV-Ready Payment Solution to Microsoft Dynamics Customers - “In addition to simplified payment management, merchants want the most efficient, secure and hassle-free ways to support EMV, NFC, mobile wallets and other emerging payment methods that also offer new engagement opportunities with their customers,” said Jim Surber, regional head of Payment as a Service, North America, Verifone. “Partnering with Microsoft Dynamics - provider of industry leading point of sale software and omni-channel retail and commerce solutions - will greatly expedite our ability to deliver these capabilities to a vast number of merchants across the U.S.”

Hyatt Completes Payment Card Incident Investigation - “Protecting customer information is critically important to Hyatt, and we take the security of customer data very seriously,” said Chuck Floyd, global president of operations for Hyatt. “We have been working tirelessly to complete our investigation, and we now have more complete information that we want to share so that customers can take steps to protect themselves. Additionally, we want to assure customers that we took steps to strengthen the security of our systems in order to help prevent this from happening in the future.”

EVENTS

Payments in Portland (OR) - Join us Thursday, January 28th from 5:30-7:30 PM to hang out with your colleagues and competitors to discuss all things payments! We'll have appetizers, Oregon beer and wine. For the first time, Payments in Portland is including a short topical briefing - this month on "B2B Payments - Promise and Problems." If you have a Portland payments presence and something to say on B2B payments, let us know! RSVP HERE!

USAA and Coinbase Partner to Bring Bitcoin to USAA Members - Coinbase Blog - "We’re excited to announce that USAA has launched a pilot that allows a limited group of USAA members to view their bitcoin balance on USAA.com and the USAA Mobile App. This pilot was rolled out to USAA employees in September and is now being extended to a select group of USAA members."

Adyen CEO: Banks Have Lost The Payment Battle - Informal - "It is really not a great time to be a bank, says Pieter van der Does, co-founder, CEO and president of Amsterdam-based payments company Adyen, at least not in the payments space."

How Carders Can Use eBay as a Virtual ATM - Krebs on Security - "So-called “triangulation fraud” — scammers using stolen cards to buy merchandise won at auction by other eBay members — is not a new scam. But it’s a crime that’s getting more sophisticated and automated..."

Fiserv and Early Warning Partner to Enable Real-Time Bill Payment and Real-Time Deposit Services for U.S. Financial Institutions - "The partnership between Fiserv and Early Warning brings together the leading provider of electronic bill payment and the leading provider of real-time deposit account verification and funds availability to enable broader consumer access to real-time services through their financial institutions. Combined, the Fiserv and Early Warning networks reach more than 6,000 banks and credit unions, including the 40 largest financial institutions in the U.S. and thousands of mid-size and community financial institutions, representing more than 75 percent of all deposit accounts in the U.S. The NOW Network from Fiserv also connects to tens of thousands of billers."

Intuit’s New Banking Integration Technology Can Make Accounting More Accurate and Seamless - “This new bank feeds technology is all about leveraging the power of our platform to save small businesses time by automating the process of entering data into QuickBooks,” said Avi Golan, vice president and general manager of the Intuit Developer Group. “We’re pleased to be working with American Express to enable American Express OPEN Card Members to be the first to benefit from this new technology. This is a great example of how our open platform approach allows us to partner with leading companies who can help small businesses be more efficient and effective.”

Fractals Delivers Intelligent Card and eBanking Fraud Detection for the Enterprise - "Fractals’ new eBanking channel brings the intelligent fraud detection functionality of Fractals to the internet and mobile banking space. As well as monitoring financial transactions, such as payments and transfers, Fractals also monitors non-financial transactions, including login attempts, changes of personal data and creation of new recipients which might indicate fraud on an account."

Catherine Moore named President for Commerce Solutions, Europe, for J.P. Morgan - “Catherine is an outstanding leader and an experienced manager whose wealth of knowledge and insight into the payments industry and this region will be invaluable in our drive to boost our current market position, enable our clients to grow, and make the most of new business opportunities throughout Europe,” said Michael K. Passilla, CEO for Chase Commerce Solutions.

Join over 8,500 payments professionals who have attended a Glenbrook Payments Boot Camp!

Glenbrook's fall season of payments education kicks off in October with two sessions of our Payments Boot Camp - one in the San Francisco Bay Area on October 13-14 and the other in New York City on October 20-21. Glenbrook's Russ Jones is now leading this important payments education curriculum - he'd love to meet you at one of these sessions. Contact Russ directly if you have any questions.

On the Web

First Data to Raise Up to $3.68 Billion in IPO - Wall St. Journal - "Payment-processing giant First Data Corp. on Thursday said it would raise up to $3.68 billion in its upcoming initial public offering, marking the biggest U.S. listing this year."

Chips, Dips and Tips: 5 Potential Problems With New Credit Cards - NBC News - "Some people are experiencing a 20 second wait times with these chips," said Avivah Litan, vice president and analyst at Gartner Research. "We're a more rushed society than anyone else. So me, I'm going to be a little mad when I have to wait longer at checkout. You have to wait until the very end to get your card."

The problem with America’s new credit card technology - MarketWatch - "While other countries combine the smart chip-equipped cards with a personal identification number, akin to the way we access bank accounts using debit cards and PINs, U.S. banks are issuing chip cards without the code functionality."

Bank Bets Americans Can Remember Another PIN - Wall St. Journal - "First Niagara Financial Group Inc. said on Wednesday that it is rolling out new chip-enabled credit and debit cards that require customers to enter a personal identification number instead of a signature."

Twitter Makes ‘Buy’ Button Widely Available - New York Times - "A store that is a customer of Demandware, Bigcommerce, or Shopify can use the software to tweet out a link to a product that will show up with a buy button."

Blockchains and Banks - Medium (David Galbraith) - "These replace banking infrastructure providers with software that doesn’t need to be run by a separate entity (e.g. SWIFT), and lower internal costs but still keep the requirement for trusted entities (banks themselves)."

SEB: Blockchain Could Make Banks 'Radically More Efficient' - CoinDesk - "Skandinaviska Enskilda Banken (SEB), a Stockholm-based financial services firm with 1.7tn SEK ($202bn) in assets under management, announced yesterday that it was among 13 major banks that had joined the top-secret work underway at R3CEV."

American Express Cards® Now Accepted at Sam’s Club - " In conjunction with the launch of Card acceptance, American Express is providing a special offer to eligible Card Members for use at Sam’s Club locations from October 1-31. Card Members can receive a one-time $25 statement credit after they use an enrolled, eligible American Express Card to spend $45 or more on a new Sam’s Club membership in-store."

Moneris expands portfolio of EMV®-capable solutions to United States - “Our proven track record gives merchants the peace of mind of knowing that they are working with a trusted and reliable EMV processor,” said Chris Lee, president, North American strategic partnerships and emerging markets. “We manage every aspect of the EMV migration and integration process, from design and testing, to certification and implementation, making the switch to EMV a seamless transition for merchants.”

MasterCard exec: Why the move to chip-cards is so important - Fortune - "Carolyn Balfany, a 28-year veteran of MasterCard, is the company’s SVP of U.S. product delivery for EMV, a lengthy way of saying that she’s quarterbacking the effort to bring these chip cards to MasterCard’s American cardholders."

Vodacom reports 7.8M m-pesa users - Mobile World Live - "South African operator Vodacom said customer numbers for m-pesa in its international operations grew by 18 per cent year-on-year, although there has been a net decline of 200,000 over the last three months."

On the Wires:

Wells Fargo Launches New Innovation Group - "Wells Fargo today announced the formation of a new Innovation Group, which will work in partnership with its major businesses to meet evolving customer needs and stay ahead of the shifting competitive landscape. Steve Ellis, who had served as the head of Wholesale Services, has been named the leader of the new group."

MasterCard Opens its Digital Security Lab to Customers - “The MasterCard DigiSec Lab represents our collective efforts to maximize product innovation and security investments,” said Ajay Bhalla, president of Enterprise Security Solutions at MasterCard. “While payments have never been safer, criminals have never been smarter. We’ve now opened the lab to our customers as part of an ongoing commitment to share insights, solutions and best practices to deliver the highest levels of security.”

Citi Mobile Challenge Launches in Asia Pacific - "Citi Mobile Challenge is a next-generation accelerator that combines a virtual hackathon with an incubator, a worldwide network of FinTech experts and Citi’s unparalleled global sponsors and clients to discover solutions across more than 100 markets."

Uber Taps Its Global Payments Partner, Adyen, to Expand into Morocco - “Adyen continues to be a key strategic partner in addressing the many payments-related challenges of rapid international expansion,” said Meryem Belqziz, Uber Casablanca General Manager. “Their transparent philosophy, data-driven approach, and technical agility have made the partnership a natural fit.”

Barclays Fires Chief Executive Antony Jenkins - Wall St. Journal - "Barclays said its nonexecutive directors wanted a new leader to change the bank’s strategy more quickly, and that Chairman John McFarlane would serve as executive chairman until a replacement is found."

Digital River Teams up with Global Mass Payments Provider Payoneer - "We’re excited about working with Digital River to help meet the growing demands of their merchants. Payoneer’s all-in-one mass payout services are an exciting complement for Digital River merchants challenged with the complexities of global payouts,” said Scott Galit, Payoneer’s CEO. “Payoneer is fully committed to helping Digital River clients capitalize on international market opportunities by enabling them to pay globally as easily as they do locally.”

Capital One Teams with Vantiv to Enhance Payment Processing Solutions for Merchant Services Customers - "Capital One is committed to providing the most innovative technologies to our business customers," said Colleen Taylor, executive vice president, head of Treasury Management and Enterprise Payments, Capital One Bank. "By partnering with Vantiv, our clients will now benefit from Vantiv's industry-leading payment tools and services, which are designed to help them focus on what they do best - running and growing their businesses."

Ink from Chase Unveils New Design and Enhanced Features of Mobile Application - “The new Ink app was designed with one goal in mind: to simplify backend office management for small business owners so they can focus on their business,” said Laura Miller, President, Business Card at Chase. “By giving small business owners the ability to easily, quickly and more efficiently manage their finances and the financial activity of their employees, they have more time to focus on their passion and grow their small business.”

U.S. Bank Selects Biller Advantage from Fiserv to Enable Business Customers to Send e-Bills, Accept e-Payments - “Consumers are looking for ways to simplify their finances and streamline their bill payment process. Our business customers want to meet this demand and offer consumers the best and most user-friendly billing and payment options,” said Sam Robb, senior vice president, U.S. Bank. “Biller Advantage from Fiserv will allow us to offer a multichannel EBPP solution to our business customers – a new offering that will allow them to more efficiently send bills and quickly accept payments."

IDEX Enters into a Strategic Worldwide Biometric Card Partnership with a Global Payments Company - Dr. Hemant Mardia, CEO of IDEX stated, “We are very pleased to have been selected for this global company biometric card initiative enabled by our compelling low cost, turnkey fingerprint sensor solutions. The program will commence development during 2015. This partnership is expected to enable IDEX to secure a leading position in this emerging mass market for fingerprint sensor based biometric cards.”

Adyen Mobile Payments Index reveals 36% of global mobile payments are now on iPhone - “The continued rise in popularity of the iPhone for making online purchases, coupled with the higher ATV from shoppers using iOS, suggest that businesses – especially those that classify themselves as premium brands – should target this valuable demographic in particular,” said Roelant Prins, Chief Commercial Officer, Adyen. “Apple Pay, as it becomes available in more markets, represents a great opportunity for businesses to fulfil this as it enables them to deliver a seamless payment experience to iOS users.”

Payments Business Will Bypass Banks, Says Adyen Boss - Wall St. Journal - "Sounds like the bread and butter of banks, but Pieter van der Does, Adyen co-founder and chief executive officer, has no doubt that the payments business will increasingly bypass banks. In fact, he’s counting on it."

Academic Research on Bitcoin Tripled in 2014 - CoinDesk - "Academia is increasingly focusing on bitcoin, and hundreds of papers on the subject have now been published, according to research by author and alternative finance commentator Brett Scott."

On the Wires:

EMVCo to Manage Next Generation of 3D-Secure Specification - "The enhanced specification will support additional data available during the transaction that will enable more intelligent risk-based decisioning. It will also offer a more seamless consumer experience and reduces reliance on the cardholder to authenticate themselves via a password prompt, better integrating with a merchant’s offering and brand. The specification will also be enriched to support non-payment user identification and verification, as well as country-specific and regulatory requirements regarding cardholder authentication in the card-not-present environment."

Banks: Park-n-Fly Online Card Breach - Krebs on Security - "...Park-n-Fly said it recently engaged multiple outside security firms to investigate breach claims made by financial institutions, but so far has been unable to find a breach of its systems."

Mobile rewards gain stature as currency for airlines - Mobile Commerce Daily - “Last month, we began offering our MileagePlus X mobile app to a test group of members, enabling them to use their mobile devices to earn miles when making purchases at certain stores.”

Samsung in Talks to Launch Apple Pay Competitor - Re/code.net - "It is not yet clear if Samsung has reached a deal with the startup, Burlington, Massachusetts-based LoopPay. One source said the deal could still fall apart. A prototype of the payments system working on a Samsung phone has been created, the other source said."

Adyen Raises $250 Million in Funding to Accelerate Growth of Its Global Payments Platform - “Adyen is at the forefront of a rapidly globalizing payments market with tremendous growth potential,” said Jonathan Korngold, managing director and global head of General Atlantic’s Financial Services Sector. He continued, “In addition to exponential growth in e-commerce, we are also seeing a rise in consumer demand for integrated experiences across in-store and online shopping. Considering the inherent opportunities in both of these trends, we believe that Adyen is well-positioned to extend its position as the leading global payments solution in the years to come.”

First Data and Verifone Partner to Combat Consumer Payment Data Theft - "While EMV acceptance in the marketplace will strengthen data protection, it creates a burden on merchants and those that serve them,” said Guy Chiarello, president of First Data. “This partnership with Verifone furthers our objective of working with the leading payment technology providers to benefit merchants and their customers.”

ShopKeep Apple Pay & Chip Card Reader Available Now - "ShopKeep’s new reader offers independent business owners the latest in payment technology and additional security features for each credit card transaction. The device, powered by Ingenico Mobile Solutions, the leading mobile commerce platform provider, connects to the ShopKeep register app via Bluetooth. It retails for $249, and for a limited time, new customers will receive a free reader upon signing up for a ShopKeep account."

The World’s First Bitcoin Debit Card Is Almost Here - Wired - "Xapo, a company that offers online bitcoin wallets, says it’s two months away from introducing the first debit card that will let you spend your bitcoins at any place that takes Visa or MasterCard."

The Era of Decentralized Computing - Schlaf's Notes - "In the coming months and year, I plan to spend a fair amount of my time diving deeper into decentralized technologies, the numerous whitespace opportunities and the existing industries that will likely fall victim to their diffusion."

Bitcoin’s Promise Goes Far Beyond Payments - HBR Blog Network (Tiffany Wan and Max Hoblitzell) - "In the next decade, we can expect significant innovation around the Bitcoin network. Much of that will revolve around payments, particularly early on. The real value, though, lies beyond."

How ACH works: A developer perspective - Part 1 - "Part of the reason it was so hard to comprehend is that much of the documentation explaining the ACH system is targeted towards bankers, not software developers. To guide and encourage the next creators of modern financial software, this article will explain how ACH works from the software developer’s perspective."

Shopkeep Raises $25M to Build a Better Cash Register for Indie Retail - StreetFight - "By building software which runs remotely, rather than on a servers located in a store, these startups can dramatically reduce costs, opening up new markets and erasing much of the maintenance and service fees that drive a large portion of legacy firms’ revenue."

Announcing the Xapo Debit Card - "In the spirit of bringing bitcoin to the masses, we are proud to announce the Xapo Debit Card – the first bitcoin debit card that allows users to spend bitcoins just like cash all over the world, right from their Xapo Wallet."

2Checkout Attracts $60 Million in Growth Capital - “2Checkout already has a global customer footprint and a solid brand reputation among merchant banks, payment networks, online retailers and partners like Brink’s, which is a multi-billion dollar company,” added Don Dixon, managing director at Trident Capital. “No other payments processor can make those claims.”

Apple introduces us to a Major Financial System Beyond iWallet - Patently Apple - "On January 30, 2014, the US Patent & Trademark Office published a major patent application from Apple that reveals a new financial Systems Integration System."
Meeting the Needs of Non-Traditional Consumers and Achieving Scale with Mobile Contactless Payments in the U.S. - Federal Reserve Bank of Boston - Mobile Payments Industry Workgroup - "In November 2013, the Mobile Payments Industry Workgroup (MPIW) met with academia, government, non-profits, card networks, mobile wallet providers, transit authorities, issuing banks, and retailers to gain a better understanding of fundamental consumer mobile payment adoption issues by exploring how mobile financial services and payments can meet the needs of non-traditional consumers and what is needed to achieve scale in the U.S. mobile payments market. The findings in this paper are based on the discussions at this meeting and include panelists' views on mobile technology and financial access considerations for the underserved consumer, broader consumer market adoption for mobile retail payments, and the transformational role of mobile technology for financial services."

Why Bitcoin is here to stay - ZDNet - "...the drivers are simply too powerful - crypto-currency is around to stay and the changes to our global economy because of it will be staggering. So take a reality pill and strap in."

Mobile Payments, Electric Cars and the Keys to Driving Change - Re/code.net - "The shared issues between e-cars and smartphone payments boil down to cost of hardware (the phone, the car), infrastructure (networks and merchant acceptance, filling stations), but perhaps most importantly, the catalyst for changing human behavior."

GhIPSS Urges Banks to Issue Local Cards - Payments Afrika - "Ghana Interbank Payment and Settlement Systems (GhIPSS) has urged banks to issue more proprietary ‘local’ ATM cards to their customers.
Historically most banks in Ghana would issue international cards..."

Acculynk Launches Direct-to-Debit Business Payout Solution - "Acculynk’s Payzur direct-to-debit payment platform aids businesses, such as online marketplaces, that regularly make payments to individuals or small businesses by offering a frictionless “payout” process that doesn’t require account verification, enrollment with a third party or parking the funds in a third-party account."

The FIDO Alliance Welcomes Global Security Leader RSA® to the Board of Directors - “RSA has taken a leading role in authentication since its inception. We join the FIDO Alliance as a Board Member to continue our leadership and join other industry leaders in developing authentication that delivers choice and interoperability with privacy to meet the needs of diverse user populations,” said Kayvan Alikhani, Senior Director of Technology, RSA."

Can you live without credit cards? - Reuters - "For most Americans, living without credit and debit cards seems inconceivable. But Brie Hoffman has tried it, and mostly succeeded over the past six years."

Square, Receipts & the Experience Design - Om Malik - "It only reinforces the point of experience design ideology at Jack’s company — where others see a piece of paper, Square sees an opportunity to create an emotional bond between the buyer and seller."

Citi Global Head: NFC Will Win Out By End of 2014 - StreetFight - "In addition to the growth of EMV in the U.S., Char also believes that a technical change to the newest version of the Android operating system — the only OS that currently supports NFC – will help push the technology forward in 2014."

Apple Patent Reveals Secure iWallet System with iBeacon - Patently Apple - "On January 16, 2014, the US Patent & Trademark Office published a patent application from Apple that reveals a secure iWallet system that goes beyond NFC to include new Air Interfaces including a form of Bluetooth, such as iBeacon."

Circle Internet Financial Adds New Executives to Leadership Team - "M. Michele Burns, who has served on boards at Goldman Sachs, Wal-Mart Stores, Cisco Systems and Orbitz, and was chief financial officer of Delta Air Lines, chief financial officer of Marsh & McLennan, and chairman and chief executive officer of Mercer, will join Circle’s board of directors."

TSYS Announces Consumer-Driven Account Controls - "According to the recent TSYS 2013 Consumer Payment Choice Study, more than half of consumers stated they would be “Interested” in using their phone to temporarily allow or block transactions on their card."

Updates from Glenbrook:

Feedback: How are we doing for you? I'd love to hear from you - drop me a quick note: scott@glenbrook.com or leave me a voicemail: +1.650.469.3421.

Inside Bitcoin - John Patrick - "Banks, credit card companies, and money transfer companies do not like Bitcoin because the new digital currency model threatens the status quo and related fees. In the early days of the World Wide Web, there were similar views to what we hear about Bitcoin."

Real-time Fraud Prevention - Emerging Payments Strategies (FIS) - "The better your anti-fraud strategies and solutions, the better you’ll be at protecting your institution and your cardholders. These pressures are driving the industry toward more and more real-time solutions that attempt to stop fraud before it starts."

Bitcoin isn’t Money—It’s the Internet of Money - The Umlaut (Eli Dourado) - "The Internet model improves upon the traditional telephone model by making possible what Vint Cerf calls “permissionless innovation.” Tim Berners-Lee was able to launch the World Wide Web without waiting for Internet service providers to support it."

Bitcoin Woos Washington to Ensure Lawmakers Don’t Kill It - Bloomberg - "The outreach is aimed at ensuring that wary lawmakers don’t kill the embryonic industry and regulators provide a clear set of rules to play by."

Mobile Payments Gain Traction Among India’s Poor - New York Times - "MoneyOnMobile, an Indian start-up, is latching on to an idea that began six years ago in Kenya of transferring money with a few taps of the keypad on an everyday cellphone."

A chat with PayPal tech innovator James Barrese - San Jose Mercury News - "Q: PayPal has talked about supporting bitcoins -- a type of digital currency gaining popularity -- one day. Do you actually have any plans to do that? A: We're watching it. We think it's an interesting space."

I Bought Everything on My Christmas List with Bitcoin - Time - "There are some benefits to doing your holiday shopping using bitcoins. For one thing, bitcoins are a far more secure method of payment than your credit card, so if you use them, there’s little reason to fear identity thieves as other shoppers might."

John Maeda to Chair Newly-Formed eBay Inc. Design Advisory Board - "Maeda will work with product development and design teams across eBay Inc.’s PayPal, eBay Marketplaces and eBay Enterprise business units. He will help evolve the company’s overall design thinking to create products and experiences that drive deep consumer engagement and loyalty."

Bitcoin: The Future of Money or a Flash in the Pan? - Stanford Law School (Monday, 12/9/13) - "To discuss the potential evolution of the Bitcoin market, we have assembled a unique panel of experts including a venture capitalist with a strong stake in the Bitcoin market, a Bitcoin entrepreneur, the promoter of the Bitcoin Investment Trust, a former general counsel of the CIA, and a leading securities law professor who is also a former Commissioner of the SEC."

Coming Soon? An Occupy Wall Street Debit Card - New York Times - "The idea, led by a group that includes a Cornell law professor, a former director of Deutsche Bank and a former British diplomat, is meant to serve people who do not have bank accounts, but it also aims to make Occupy a recognized financial services brand."

How Much Will Judge Leon's Decision Whack DDA Revenues? - Pymnts.com (David Evans) - "The only ray of sunshine here for non-exempt debit card issuers is that between an appeal, maybe the Supremes, and a new rule making it could be a while before any of these reductions hit DDA and consumer banking P&Ls."

On the wires:

Global Payments Names Jeffrey S. Sloan Chief Executive Officer - "Paul R. Garcia, Chairman of the Board, said, "Jeff is prepared to lead this company as its President and Chief Executive Officer. His decisive leadership and his deep experiences and knowledge across the entire business uniquely qualify him to successfully assume this role immediately. He is well respected throughout the industry and he embodies the company's core values."

TNS and AJB Introduce Simplified Payments for Merchants - "Large merchants across North America can now relieve the headache of operating a complex payments infrastructure while at the same time position themselves for future growth thanks to a new managed service solution from Transaction Network Services (TNS) and AJB Software (AJB)."

Adyen’s Global Mobile Payments Index Indicates 27 Percent Growth in Mobile Transactions in Past Four Months - "Adyen's Global Mobile Payments Index tracks the actual purchases on the platforms and can therefore also provide an insight into the monetization of mobile content by brand. iOS devices (iPhone and iPad) accounted for nearly 75% of all mobile transactions on Adyen’s platform (which equals 13.1% of all transactions, up from 11% at the end of April 2013) and Android devices were responsible for nearly 25% of mobile transactions (4.3% of all transactions, up from 3.1%)."

mopay Signs Global Agreement with Telefónica Digital - "Under this agreement, mopay will be granted direct access to Telefónica’s billing platform, thus connecting mopay directly to the telco’s subscriber base worldwide. Consumers using mopay can purchase digital goods and services frictionlessly in nine countries where Telefónica Services are currently available and charge the purchases to their phone bill."

Looking for consulting help from Glenbrook? Let us know your needs here - and we'll get right back to you!

Join us for our new series of Glenbrook Payments Boot Camps coming this October - 8th/9th in the San Francisco Bay Area and 23rd/24th in New York City!

Glenbrook's Allen Weinberg and Erin McCune will be at Money2020 in Las Vegas October 6-10 - please reach out to them directly to catch up in person or set up a briefing at the conference. Erin will be moderating an Invoicing, Billing & Collections panel with Bill.com CEO Rene Lacerte, Billtrust CEO Flint Lane and Billhighway Chairman Vince Thomas.

Glenbrook's Elizabeth McQuerry will be speaking at this year's NACHA Global Payments Forum on October 17-18 in New York City. She'll be speaking on the topic "Mobile Payments, Interoperability & Faster Funds Transfer".

Note: Headline News is compiled by Glenbrook Partners. Throughout the day, as we spot interesting developments, this post is updated. Find something interesting to share? Tell us about it: gotnews@paymentsnews.com!

The Dick Durbin Debit Card Fiasco - Defining Ideas (Hoover Institution/Richard Epstein) - "Judge Leon’s decision may be correct under the statute, but the statute is incorrect under the Constitution. It is time for the Supreme Court to stop the senseless damage from Dick Durbin’s favorite amendment."

Note: Headline News is compiled by Glenbrook Partners. Throughout the day, as we spot interesting developments, this post is updated. Find something interesting to share? Tell us about it: gotnews@paymentsnews.com!

Silicon Valley Bank (SVB) has announced a new service that will allow its clients to accept 85 different online payment types from their customers globally.

"Our tech-focused clients are selling internationally, even at their earliest stages, so we make every effort to make it easy for them to operate globally," said Pradeep T. Moudgal, Head of Global Cards and Merchant Services, Silicon Valley Bank. "Our clients will find our new payments service is extremely convenient, giving them the ability to deposit funds of any major currency directly into their SVB multi-currency or in-country accounts."

SVB's card processing services are provided through Merchant e-Solutions and Adyen, its international card processing partner.

Adyen has announced the availability of a new single-click mobile payment pages solution for iPhone and Android. "The outsourced solution gives application developers the ability to implement an alternative payment solution to itunes that also accepts credit cards, PayPal and a range of other payment methods within mobile applications and mobile websites."

Barclaycard has announced the launch of Barclaycard SmartPay, designed to help European retailers compete with domestic retailers in foreign markets by increasing support for local payment methods. "Developed in partnership with Adyen, it will revolutionize cross-border eCommerce by offering a simpler, seamless payment experience to consumers."

Adyen, a Netherlands-headquartered payments processing company started by the founders of Bibit, has announced the expansion of the company to the U.S. marketplace. Adyen executives include Chief Executive Officer, Pieter van der Does; President of North America, Peter Caparso; Chief Commerce Officer, Roelant Prins; and Chief Technology Officer, Arnout Schuijff.
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